https://www.taxtmi.com/news?id=1797 Simplified administrative amalgamation permits government companies to merge by Central Government notification where Cabinet approval is obtained, companies pass general-meeting resolutions with 100% voting power and provide full asset and liability particulars, a thirty-day notice is given to members and creditors, and creditor assent is secured either unanimously or by value with certification; upon submission of resolutions and Cabinet confirmation the Central Government may notify the amalgamation, vesting assets and liabilities in the transferee and causing cancellation of transferor registrations with Registrar strike off. en-us Wed, 20 Apr 2011 18:48:07 +0530 Wed, 20 Apr 2011 18:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1797 Simplified administrative amalgamation permits government companies to merge by Central Government notification where Cabinet approval is obtained, companies pass general-meeting resolutions with 100% voting power and provide full asset and liability particulars, a thirty-day notice is given to members and creditors, and creditor assent is secured either unanimously or by value with certification; upon submission of resolutions and Cabinet confirmation the Central Government may notify the amalgamation, vesting assets and liabilities in the transferee and causing cancellation of transferor registrations with Registrar strike off. News - Wed, 20 Apr 2011 18:48:07 +0530 https://www.taxtmi.com/news?id=1797